Yields Fall, Dollar Drops as Gold and Euro Surge; Oil Slides on Recession Worries
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U.S. Treasury yields retreated recently, weighing on the U.S. dollar and boosting gold, EUR/USD, and the Nasdaq 100.
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EUR/USD surged past its 200-day SMA to a nearly 3-month high as the dollar plunged.
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Gold jumped 2% and edged closer to $2000 as yields fell and the dollar weakened.
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Oil dropped for the 4th straight week, settling at its lowest since July, raising recession concerns.
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With a quiet U.S. economic calendar next week due to Thanksgiving, recent trends may continue absent high-impact events.